BTC Retraces to $59,000: Cryptocurrency Market Update
CryptoNewsTerminal Staff12 Aug, 2024
BTC Retraces to $59,000: Cryptocurrency Market Update
BTC has retraced to $59,000, according to data from Cryptonewsterminal market monitoring. On Binance's USDT market, BTC is currently trading at $58,987.16. The broader cryptocurrency market is mixed, with some coins making gains while others see losses. As of the time of writing, Ethereum (ETH) is up 1.5% and trading at $4,125.88. BNB is also up, gaining 0.8% and currently trading at $534.61. However, XRP is down 1.2% and trading at $0.7813. The recent price action in the cryptocurrency market has been volatile, with BTC and other major coins seeing both gains and losses. It is important to remember that the cryptocurrency market is still in its early stages of development and is subject to high levels of volatility. Investors should always exercise caution when investing in cryptocurrencies.
